Reddit

Reddit's IPO aims for a $6.5 billion valuation, drawing significant attention despite a subdued IPO market. Strategic decisions, including employee share sales and community recognition, underscore Reddit's innovative approach. Market response will reveal Reddit's standing and future prospects.

When searching for the renowned singer "Israel Kamakawiwoʻole" on Google, what surfaces isn't an iconic album cover or a live performance image but an AI-generated depiction. It's an intriguing, albeit fake, portrayal of the artist, redirecting users to the Midjourney subreddit upon click.

Reddit administrators are taking a step towards decentralisation by "renouncing the Moons contract" and concurrently initiating a token burn to reduce the overall supply.

Recently, Reddit discontinued its blockchain-based points programme, which revolved around the utilisation of specific crypto tokens unique to subreddits.

The prices of related tokens like MOON, BRICK, and DONUT have taken a hit.

Reddit to phase out Community Points — The blockchain-based program that was designed to reward creators and developers on the platform.

Reddit has announced the discontinuation of its blockchain-based rewards initiative, Community Points. The decision, outlined by Tim Rathschmidt, Reddit's director of consumer and product communications, comes as a response to the escalating challenges in scaling the program, exacerbated by evolving regulatory conditions.

Ledger users protest against social media censorship.

Reddit released a limited quantity of free Rabbids avatar NFTs and users are scooping them up, with multiple varieties already depleted.

Reddit’s NFT avatars have been very successful, recently hitting an all-time high in terms of minting.